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Term Deposit

Open, get high interest and turn your goals into opportunities!

Term Deposit

Do you want to keep your money safe and secure and at the same time get high interest?


Open a term deposit at Credo Bank and turn your savings into a profitable financial opportunity!


Why should you choose a Credo Bank term deposit?

  • Enjoy flexible terms
  • Receive high interest rates


Don't delay, calculate the estimated amount of interest you will receive - in the deposit calculator, open and achieve your goals more easily!

Terms

  • Deposit Currency: GEL, USD, EUR
  • Minimum Deposit: 100 units (in deposit currency)
  • Term of Deposit: 3 - 24 months
  • Withdrawal of Benefits: Monthly or at the end of the term
  • Early Termination: Benefit is 1% deducted from the corresponding rate for the completed months
  • Opening Methods: At the service center or remotely


* Based on the change of 23.08.2023, in case of automatic renewal, the interest rates and conditions in effect at the bank on the renewal date will apply to the deposit.


*As of January 1, 2018, the Bank participates in the Deposit Insurance System established under the Law of Georgia on the Deposit Insurance System. Upon the occurrence of an insurance event, the available funds on a depositor's deposit/account will be reimbursed by the Deposit Insurance Agency within the limit of GEL 50 000, while the remaining amount will be reimbursed in accordance with the procedures prescribed by the applicable legislation.

For additional information, please visit the website of the Deposit Insurance Agency: www.diagency.ge.

Product Usage Instruction

You can request to open a deposit:


Interest Rates

INTEREST WITHDRAWAL AT THE END OF TERM



*The rates listed above apply when opening a deposit through Mobile Banking.

When opening a deposit at a service center, the interest rate will be reduced by 0.20 percentage points for GEL deposits; by 0.10 percentage points for USD deposits with terms of 3–12 and 15–17 months, by 0.30 percentage points for 13–14 months, and by 0.50 percentage points for 18–24 months; and by 0.10 percentage points for EUR deposits.


INTEREST WITHDRAWAL AT THE END OF EACH MONTH



*The rates listed above apply when opening a deposit through Mobile Banking.

When opening a deposit at a service center, the interest rate will be reduced by 0.20 percentage points for GEL deposits; by 0.10 percentage points for USD deposits with terms of 3–12 and 15–17 months, by 0.30 percentage points for 13–14 months, and by 0.50 percentage points for 18–24 months; and by 0.10 percentage points for EUR deposits.

Interested?